Privium Fund Management UK Ltd Purchases Shares of 150,500 Barings Bdc, Inc. $BBDC

Privium Fund Management UK Ltd purchased a new position in shares of Barings Bdc, Inc. (NYSE:BBDC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 150,500 shares of the company’s stock, valued at approximately $1,267,000. Barings Bdc comprises approximately 0.5% of Privium Fund Management UK Ltd’s investment portfolio, making the stock its 22nd largest holding. Privium Fund Management UK Ltd owned about 0.14% of Barings Bdc at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Focus Partners Wealth purchased a new position in shares of Barings Bdc during the 4th quarter valued at about $9,207,000. Private Management Group Inc. grew its position in Barings Bdc by 14.6% during the fourth quarter. Private Management Group Inc. now owns 3,765,629 shares of the company’s stock valued at $34,568,000 after acquiring an additional 481,172 shares during the last quarter. Russell Investments Group Ltd. bought a new position in Barings Bdc during the fourth quarter valued at approximately $2,767,000. GraniteShares Advisors LLC bought a new stake in shares of Barings Bdc in the 4th quarter worth approximately $2,742,000. Finally, UBS Group AG lifted its holdings in shares of Barings Bdc by 23.6% in the 4th quarter. UBS Group AG now owns 1,493,751 shares of the company’s stock worth $13,713,000 after acquiring an additional 285,272 shares during the last quarter. 44.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BBDC. Wells Fargo & Company increased their target price on shares of Barings Bdc from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Zacks Research downgraded shares of Barings Bdc from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Weiss Ratings lowered shares of Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 16th. Finally, Lucid Cap Mkts raised Barings Bdc to a “hold” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Barings Bdc has an average rating of “Hold” and an average price target of $9.75.

Barings Bdc Stock Performance

NYSE:BBDC opened at $9.31 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.09 and a current ratio of 0.09. Barings Bdc, Inc. has a fifty-two week low of $7.96 and a fifty-two week high of $9.92. The firm has a market cap of $975.37 million, a PE ratio of 11.22 and a beta of 0.58. The business has a 50 day moving average price of $8.51 and a 200-day moving average price of $8.60.

Barings Bdc (NYSE:BBDC) last issued its earnings results on Wednesday, August 5th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. Barings Bdc had a net margin of 32.73% and a return on equity of 10.07%. The company had revenue of $54.58 million for the quarter, compared to the consensus estimate of $60.10 million. During the same period in the previous year, the firm earned $0.28 earnings per share. Equities research analysts predict that Barings Bdc, Inc. will post 1.01 earnings per share for the current year.

Barings Bdc Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, September 2nd will be given a $0.26 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.2%. Barings Bdc’s payout ratio is presently 125.30%.

Insider Activity at Barings Bdc

In other news, CEO Thomas Mcdonnell bought 10,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average cost of $8.27 per share, for a total transaction of $82,700.00. Following the completion of the acquisition, the chief executive officer owned 26,000 shares in the company, valued at approximately $215,020. This trade represents a 62.50% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.60% of the company’s stock.

Barings Bdc Profile

Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.

The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).